Genesis, DCG reach in-principle deal with creditors – court filing

Genesis, DCG reach in-principle deal with creditors – court filing

Aug 29 (Reuters) – Genesis Global and its parent company Digital Currency Group have reached an in-principle agreement with Genesis’ creditors to resolve claims brought during the crypto lender’s bankruptcy, a court filing showed on Tuesday. The plan could lead to a recovery of about 70%-90% in U.S. dollar equivalent for unsecured creditors and about … Read more

Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’

Chandrayaan-3 spacecraft lands on the moon in ‘victory cry of a new India’

Mission comes less than week after Russia’s Luna-25 mission failed Russia’s Putin and NASA congratulate India India becomes fourth nation to successfully land spacecraft on the moon Launch budget of about $74 million less than the cost to produce 2013 Hollywood space thriller ‘Gravity’ BENGALURU, Aug 23 (Reuters) – An Indian spacecraft landed on the … Read more

News firms seek transparency, collective negotiation over content use by AI makers – letter

News firms seek transparency, collective negotiation over content use by AI makers – letter

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration Aug 9 (Reuters) – A group of the world’s biggest news media organizations called for revised regulations on the use of copyrighted material by makers of artificial intelligence technology, according to an open letter published on Wednesday. … Read more

Fitch downgrade highlights investor worries about US fiscal picture

Fitch downgrade highlights investor worries about US fiscal picture

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

Mediobanca s’associe à UK Founders Factory dans une poussée fintech

MILAN, 24 juillet (Reuters) – Mediobanca (MDBI.MI) s’associera à Founders Factory, basé à Londres, un investisseur en démarrage dans de nouvelles entreprises, pour promouvoir les startups fintech, ont déclaré les deux sociétés, alors que la banque italienne s’efforce d’accroître sa présence internationale et technologique. Mediobanca investira 12 millions d’euros (13 millions de dollars) dans une … Read more